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The Concept of the "Name Your Price":

What is “NAME YOUR PRICE” ?:

This is an new pricing concept where customers have the possibility of paying any price they wish, for a particular product. One or more customers using a internet platform, which use this model, can register their orders for a particular product and offer the price they are willing to pay in order to buy a specific quantity of the product.

The “Name Your Price” model::

The “Name Your Price” Model is based on the idea of bargaining and its goal is to equally satisfy of all members.This kind of bargaining is held through electronic means and the members that take part in it are at least 3 different people:
1. The customer.
2. The service provider (also known as intermediate).
3. The supplier.

Benefits from the use of "Name your Price" system:

The some of the benefits of using the "Name Your Price" System are:
1. Access to a multitude of products.
2. Customer has a great chance for positive result in the negotiation process.
3. Enables more suppliers to accept the order of the customer.
4. Tailored to the wishes of customers.
5. Customer acquires power and guides the market in the direction he wants.
6. Advantages to companies to find an easy and economical solution to increase the customers. network.
7. Companies can sell large volumes of products without spending money on advertising and without having the personnel to communicate.